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Comparative Analysis Problem:, Inc. vs. Wal-Mart Stores, Inc. (Example)

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Comparative Analysis Student Name: Course: Instructor: Date: INTRODUCTION Inc. is an entity which specializes in selling online. It was incorporated in 1994. On the other hand Wal-Mart Stores Inc is a multinational enterprise which operates a large number of retail and wholesale stores. Both companies need inventories for their operations and success. Inventories are physical current assets which an entity uses either for production or for sale. Inventories can be raw materials work-in-progress or finished goods (Dopuch & Pincus 1988). Therefore inventory management is one of the important functions of accounting finance and procurement departments. In most cases the choice of inventory accounting methods depends on the management policy the quantity discounts given change in the price of goods a size of the inventory and the cost variance. Additionally the nature of the product determines the accounting method. For instance a firm which sells perishable goods will use located. The stock of goods should be carefully labeled using the names and appropriate descriptions (Zipkin 2000). This can be based on the unit of measure. Many companies ensure that they offer training programs to the personnel working in the accounting and procurement departments on the company’s policies about inventory. In this study Wal-mart will train their employees on both FIFO and LIFO methods of accounting for inventories and Amazon will offer training on FIFO method of accounting for inventory. References Dopuch N. & Pincus M. (1988). Evidence on the choice of inventory accounting methods: LIFO versus FIFO. Journal of Accounting Research 28-59. Penman S. H. & Zhang X. J. (2002). Accounting conservatism the quality of earnings and stock returns. The accounting review  77(2) 237-264. Sorter G. H. (1969). An" events" approach to basic accounting theory. The Accounting Review  44(1) 12-19. Zipkin P. H. (2000). Foundations of inventory management (Vol. 2). New York: McGraw-Hill. [...]

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Purpose of Assignment The purpose of this assignment is to evaluate the inventory section of two companies using basic comparative analysis, and to interpret the data to gain insight about the company's inventory management. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Write a 1,050-word comparative analysis using the financial statements of, Inc. presented in Appendix D, and the financial statements for Wal-Mart Stores, Inc., presented in Appendix E, including the following: Compute these 2014 values for each company based on the information in the financial statements: Inventory turnover (Use cost of sales and inventories) Days of inventory Conclusions concerning the management of the inventory can you draw from this data. Show work on Excel® spreadsheet and submit with analysis

Subject Area: Accounting

Document Type: Paraphrasing

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Words 1100

Pages 4

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Expert KERRY

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